EDINBORO, Pa., March 15, 2011 /PRNewswire/ -- National Commercial Auctioneers [www.natcomauctions.com] announces the auction of a former Sheraton Inn Resort and Conference Center in Edinboro, Penn., on April 14, 2011 at 12pm EDT, according to Fernando Palacios, Regional Vice President and Broker.
"This is a two-story, 126 unit hotel on 10.7 acres in a very desirable commercial and retail location of Erie County," explained Palacios. "There are many potential business uses for this exceptionally well-located property. This property is ready to re-open as a hotel, or could be modified into an assisted living facility or other profitable venture."
Formerly known as the Sheraton Inn Resort and Convention Center, the property is currently operated as Edinboro Inn Resort and Convention Center. The property is within walking distance to Edinboro University and next-door to Culbertson Hills Golf Course.
The property features a full-service restaurant and bar along with an indoor pool. The kitchen is equipped with a commercial grade stainless steel dishwasher, grill, counter space, stand-up refrigerators, freezer and buffet table. The hotel's liquor license is available to the new owner. There is a three-bedroom manager's apartment.
Conference facilities include a 100-seat amphitheater and a 300-person meeting / banquet room. Rooms are furnished with 25-inch televisions, PTAC units, beds and furniture.
Palacios suggested, "The 10.7 acre parcel has 5 acres with road frontage that could be subdivided into a community retail strip center perfectly positioned for national brand name tenants, a multifamily apartment complex, or other retail or office possibilities as permitted by the C-2 zoning."
For more details on inspection dates, property information packages and the terms of the auctions, visit www.natcomauctions.com or call toll free (877) 895-7077.
National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.
SOURCE National Commercial Auctioneers